Latest on the Bankruptcy Blog

This week in bankruptcy news: The bankruptcy court approved the merger between American Airlines and US Airways on Wednesday, but the $20 million severance package for current CEO Thomas W. Horton was declined. A decision in the acceptance of Stockton, California’s Chapter 9 case is expected by early next week. Read the full stories below: … Read more

Since 2009, over 900,000 Americans haven’t filed a tax return. With April 15 right around the corner, taxpayers only have a few weeks to file for their returns this year and claim the $917 million in unpaid tax returns. The IRS announced that with nearly $1 billion in unclaimed refunds, many taxpayers have the opportunity … Read more

Money management is one of the toughest challenges that married couples will face throughout their lifetime. From managing a mortgage to paying for their children’s college tuition, there are many expenses that are incurred during the relationship. Unfortunately, these expenditures have the potential to accumulate debt. Since financial matters are delicate subjects, couples struggle to … Read more

Often times, it’s easy to assume that bankruptcy is limited to those who earn less money and thus struggle financially. The truth is that bankruptcies can come from anywhere, regardless of median income. In fact, many high-income individuals face the challenge of the bankruptcy process for a variety of reasons. Many individuals assume that if … Read more

With unemployment persistently knocking the 10% benchmark, many Americans are struggling to pay back their debt. From credit card debt to student loans to mortgages, there are many bills that Americans don’t have the income to pay. Wisely managing finances and debts while unemployed can help accelerate the road to recovery and prevent unwanted problems. … Read more

Divorce is an emotionally painful time for both parties, but it can be just as financially damaging as well. Many people experiencing divorce deal with financial issues, especially considering that money is the number one factor for divorce. However, while you can divorce your spouse, its impossible to divorce the debts that you incurred as … Read more

For many people the decision to file for bankruptcy is not one that comes easily. Most take time to review all of their options and pursue other methods of debt relief prior to filing. While it is important to evaluate whether bankruptcy is the right decision, waiting too long or not long enough is a … Read more

Individuals and families aren’t the only ones seeking debt relief through a Dallas bankruptcy. With the United Stated economy still regaining its former strength, many small businesses are struggling with the weight of increased competition and higher costs. Over time, these stressors accumulate incredible debt and with limited consumer spending, a small business owner might … Read more

The solar panel manufacturing industry has really struggled in recent years as economic pressures have pushed many into financial disaster. After controversial buyouts and subsequent bankruptcy filings of other companies in the past, the industry has left a bitter taste in the mouths of many. In an effort to resolve insolvency, Suntech Power has filed … Read more